Show REVIEW OF TRADE correspondence of hie the commercial situation changes little but only for the better crop prospects grow more favorable with every week of satisfactory weather and the hopeful feeling thus pro deuced throughout tho west and south is felt immediately in some increase of trade financial apprehensions are nowhere of weight at ures ent money is superabundant and the belief prevails that the treasury will prevent pressure pre ssuie or disturbance such is the spirit almost everywhere controlling and business depends so largely upon sentiment that hopeful expectations count for more than present dullness all over the country the inactivity us this season appears to ho intensified by special causes by doubts regarding the tariff by war 0 rates by labor disturbances or by crop uncertainties yet there is everywhere confidence that better is near at hand and everywhere people aw preparing for a season of unusual activity tho business of transportation is much demoralized by cutting of rates and the growing irritation threatens to bring moro serious reduction before long and yet thera is a prevailing faith that all quarrels willbe adjusted somehow when traffic becomes large though no one can quite see how the spreading demoralization of affects the stock market scarcely at all average price having actually risen during the past week abou of one per cent notwithstanding a stagnation almost unprecedented ce better crop prospects account for much of the prevailing confidence even in vinter where the damage was gre the yield appears to be greater than we ex peeled while the outlook for spring wheat improves with every week of good weather so of corn which promises a large yield in spite of the bad beginning in some sections the violent and extensive storms of which the telegraph gives advises advices have doubtless done some harm but prior to thursday the weather has been generally most favorable at nearly all interior points business is reported quiet or dull though the excellent prospects for farmers are noted as justifying a confident feeling present inactivity makes the supply of money ample at almost every point and the complaints of slow collections are less numerous this week the great strike of iron workers has as yet the belief being general that it will not last long yet the success of one large establishment in resuming work with nonunion men and the consent of others to the terms demanded by the association seem to render a speedy settlement less probable excepting a firmer tone for bar iron the market has not been perceptibly affected and reported sales of western rails at prices equivalent to 2775 at eastern mills indicate no material increase in demand dry goods aro dull as is usual after july ast 1st and little new business appears while nearly all the great branches of manufacture are attested by uncertainties as to the tariff the impression grows in business circles that nothing will be done at washington this year and that tho business kept back by uncertainty will swell tho volume of trade after congress adjourns speculative prices are stronger tor breadstuffs bread stuffs wheat having advanced during the week 3 acts corn 2 acts and oats 1 cf cotton is also a shade stronger with butter cheese and po and oil has risen 2 acts the general average of prices had fallen 7 per benl from january ast 1st to july ast 1st but has slightly recovered this a little exports from new york for june being only 6 por cent below last years the treasury has taken in during the past week moro than it has paid out besides increasing its deposits in banks li 00 tho exchanges at cities and towns outside of now york continue to fall below laef years bat this loss is in part the consequence of the groat activity early in the year and for the liala year the exchanges outside of this city were but half of one per cent below those of th e first half of 1887 at new york however the decrease was percent at boston st paul and milwaukee 55 per cent at cincinnati and at baltimore per per cent while chicago reports a gain of 79 per cent new orleans a gach of 5 8 per cent and st louis a gain of aper cent the business failures occurring throughout the country during the ls r ot ci uj ji va dun co the mercantile agency oday o day friday by telegraph number for the united states 19 2 and for canada 22 or a total of failures as compared with a total of last week and the week previous to the last for the corresponding week of last year the failures numbered but made up of in the united states and 18 in canada new YORK july |